BAL
BAL USDT (4H) HI GUYZ
As you can see in the chart, we see a reversal pattern (QM)
By examining other factors, we can expect an upward correction trend.
Also, there is a possibility that the price will touch the cloud ceiling by checking the cloud
The price has validly broken the one-hour cloud and created a flat state,
may be touched by the price again. If the price stabilizes above this area, we can expect the price to continue to grow.
If you want to have a buy position, you can set your loss limit in two ways
1. By placing the loss limit under the one-hour cloud. This state can be the least risky state
2. Placing the loss limit under the defined area inside the chart(LL)
viewpoint Short For BALHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the BAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
BAL/USDT 1D. Balancer. Interesant moneten.Baal was a title and honorific meaning "owner", "lord" in the Northwest Semitic languages spoken in the Levant during antiquity. From its use among people, it came to be applied to gods. Definition from Wiki.
Interesting coin, named after a god. Pay attention to the volume coming in(shown on the chart).
In the secondary trend the downtrend has formed(red line on chart). The price is currently under the support(yellow line). Now it acts as resistance.
Locally some form of triangle forming(the price is tightening). As the classic for the alts the target may be aroung 180%.
Also pay attention to the current zone - it's 666 zone(6.66). Taking in consideration the big volume spikes(and price spikes) we can see a good move forward.
🚀ALGO : THE START TO NEW HIGH :THE FOOTBALL TIMES COMING!It's a very interesting time for ALGO As the world football cup will start soon about 15 Days from now.
I did study time ago this coin, not only the partnership with FIFA did make me interested in this coin, but also the technical side of price action.
When it's the world cup the Feeling comes back, and people will check more FIFA and trends.
As there are high sponsor and ads trends that are going to happen on ALGO and FIFA will support this and all details are added on the original FIFA website, expecting that ALGO will have a high background on this trend, which can add ALGO INTO NEW HYPE.
The most important first target is $0,76 followed by a trend that can increase above $1.20 USD , and the most important target that this coin can become is 2$
At the time of a football match, the goal is that ALGO will get promotions.
And worldwide it will become more known as the Blockchain FIFA use.
Expecting with the coming days as we are going to FIFA times, this coin will become more interesting, and more known. ( as most even don't know)
Know that this is not a guarantee, but it looks possible.
Will follow ALGO coming time to see the trends.
Target 1
Have nice FOOTBALL days coming time, and if your country plays, good luck!
This is our view, do always your own study.
✅THE BEST CYCLE COIN OF THE MOMENT BAL GOING FOR 16 USD TARGETAs you know I am sharing with you all the possible increase cycles and only cycles where I have huge expectations it will go.
BAL is one of the best and is even the best coin at this moment with the best cycle trend on cryptocurrency to show coming time a breakout.
The target of this coin is above 16 USD . which means around 168% increase is expected in the coming time.
with the right cycle coins, it's normal to expect these targets.
Those following o ur updates, know that we did add about this coin also below 6 USD price action.
✅How is this 16 USD calculated?
This is done depending on high study and price action expecting depending on some important data that did prove before the cycle trend.
Of course, we have also small Targets of 9 USD - 11 USD, but 16 USD will stay as important for this cycle coin and the same time the key target.
Let's see guys how this going to do, but if we get a breakout know that it was already expected by this cycle trend.
This is not a day expected, but with cycle coins, we never know how fast the targets will get hit.
As long as this coin-building cycle trend is very interesting.
More updates about this coin will be done here.
Hold the channel page open for more updates.
We never choose a coin by believing or thinking it will go, but 100% depending on the data.
BAL : THE CYCLE COIN NO 1 AT THIS MOMENTWe are in a time where the markets are still not stable. Also in a time where more take profits did than before, where before times there was more building coins trend.
At this moment it's very hard to find a long-term building coin, but not impossible.
When we study the markets depending on last trends we found out that BAL can play an important role coming time depending on cycle price action.
we see from 10-10-2022 that BAL did enter a new cycle trend and this cycle trend can Bring BALUSDT to high targets.
We did add some expected targets depending on important patterns in the chart and price action view.
Since BAL are in a cycle trend we expect that a 9 USD price action can be the next price for BAL, and in the best way, it can enter above 19 USD.
There is high interest in the coin also, and with time we will confirm whether it's going to the expected target.
Markets can be very hard, so please think about your SL on any trades you made.❤️
BAL : THE 4H Range breakoutBAL: THE 4H Range breakout
interesting to follow and see trends.
This coin was already made some increases before, but since today it seems to confirm.
One moment of writing the price below 6 USD.
Markets can be very hard, so please think about your SL on any trades you made.❤️
📊 BAL moved 12% up. What's next?Hello, dear TradingView members.
This idea is a BAL analysis.
BAL moved 12% up today and has been rejected by a local resistance level.
There is one resistance level on the way up, which might be a potential target in the case of another pump.
Moreover, we also have one support level below our current support zone, pushing the price back up in case of a dump.
RSI is neutral, so the price has room to go either way.
The Speedometer indicator shows Buy volumes on the market for BAL on a 1D interval.
Now have in mind: ANY news about this coin can cause a big pump or dump at this moment!
Let me know if you guys have any questions;
I will be more than happy to help.
Good luck, and thank you.
BALUSDT buy opportunities
Trade beautifully corrected 5X according to our previous prediction. Correction is near to end as shown in the chart. You can enter in range at lowest point as shown in the graph.
We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support us by sharing our ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
BAL BALANCER LONG Opportunity 20220608Signal: Red -> Green, Context: Green,
Blue -> Green: Bottom
Structure Breakout
Risk Reward: 2
BAL, Balancer, BALUSD , BALUSDT ,BALUSDTP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.
BAL (Balancer) Token Analysis 03/05/2021As we have analyzed and Invested in this Token earlier and Achieved our Targets, we are now Updating the New Targets:
Fundamentals:
Balancer is an Automated Market Maker (AMM), which was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.
The protocol operates a few types of pools:
1. Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.
2. Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).
3.Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.
Balancer is similar to Uniswap and Curve, in that it enables anyone to create pools of tokens. The pool adjusts itself to keep the tokens equally weighted regardless of changes in their price. However, one unique feature of Balancer is that more than one token can be added and ETH isn’t required.
Although, Balancer isn’t the first DeFi protocol to make use of AMMs, however, it has brought a new face and approach to liquidity.
The unique feature of the protocol is that it allows Liquidity providers to have up to eight assets per market which are weighted by percentage and rebalanced automatically.
With Balancer, users don’t have to deposit 50% of the desired asset, but are allowed to decide how much of a supported asset they wish to deposit. Another unique feature of Balancer Lab is that users can make a high return on assets that are in low demand through arbitrage opportunities and slippage-reduction.
For Balancer, security is a top priority and that is why the protocol has been fully audited three times by Trail of Bits, ConsenSys and OpenZeppelin.
There are no admin keys or backdoors, hence, making it trustless, and the balancer pools are not upgradeable.
Balancer does not support tokens that do not conform to the ERC-20 standard, even though they may be in use on some pools.
The tokens held on Balancer pools are not controlled by Balancer, but are smart contracts. Nevertheless, that does not remove the inherent risks of smart contracts. The configurable rights pools (CRPs) ensure that tokens with known issues are barred from being used in pools. It further ensures that all other tokens safely interact with the protocol
Balancer Lab was founded by Fernando Martinelli and Mike McDonald, but it began as a research program at a software firm “BlockScience” in 2018. The Balancer project features intelligent, like-minded fellows with an acute understanding of the DeFi space.
Fernando Martnelli, a serial entrepreneur and Maker community member, has many years of work experience outside of Balancer. He co-founded many other companies before he started Balancer with his partner, Mike McDonald.
Mike McDonald is the co-founder and CTO at Balancer. He is a security engineer and the creator of mkr.tools He joined Fernando Martnelli to build the Balancer platform.
Kristen Stone, COO at Balancer, has worked in the crypto industry for over five years. She was a product manager at Coinbase and has built teams in product and engineering.
Timur Badretdinov, is the frontend developer and has worked on several projects before working at Balancer. He founded a company called “Longcaller,” a platform focused on providing cryptocurrency reviews and educational blockchain content.
Balancer wasn’t launched with a native token. However, in June 2020, they launched a governance token, $BAL, following the success of Compound’s token COMP. The purpose of the token is to allow for more decentralization and as an incentive for LP.
AS Of the total 100M tokens that were created, 25M were reserved for the team, core developers, investors and advisors. 5M tokens were allocated for the Balancer Ecosystem Fund, which would be used as incentives for strategic partners. Another 5M were allocated for the fundraising fund. This fund will be used by Balancer to support its operation and growth at future fundraisings.
The remaining tokens are to be mined by liquidity providers on the platform and are released at a rate of 145K per week. Provided the distribution rate is kept constant, it would take approx. 8.6 years to finish distributing the tokens.
The live Balancer price today is $62.53 USD with a 24-hour trading volume of $73,881,313 USD. Balancer is down 0.27% in the last 24 hours. The current CoinMarketCap ranking is #144, with a live market cap of $434,229,896 USD. It has a circulating supply of 6,943,831 BAL coins and a max. supply of 100,000,000 BAL coins.
Technical Analysis:
The Token has done its Initialization and Accumulation Phase, followed by few impulsive cycles and Distribution, Retracements. currently as at has done its Retracement, it seems to be on, an explosive Impulsive Wave.
There exist Hidden Bullish Divergence of Price with MACD, which is the sign of Bullish Trend Continuation.
The Support Areas which have Been Defined with the Price Actions, are having heavy Confluences with the Fibonacci Retracement levels which are defined on the Chart.
There are total of 3 Targets Defined by Fibonacci Projection of the initial Impulsive cycle.